Olive Branch MS Real Estate Market Report - August 2009
by Pam Simpson
The Kudzu Vine

Olive Branch MS is still holding steady with 59 recorded sales of residential properties for the month of August.  The average sales price was $178,631 and the average days on the market was 145.

Of the homes that sold in August, 37.3% were foreclosures.  That number jumped about 10% from the previous month.

Here are comparisons to last month and last year:

July 2009
sales:  59     Avg. Price:  $174,097     Avg. DOM:  127

August 2008
sales:  71     Avg. Price:  $196,212     Avg. DOM:  126

Currently, there are 478 active residential listings in Olive Branch MS.  This number represents an inventory supply of 8.1 months.  The prices range from $54,900 to $1,270,000 with the median price being $199,900.

Foreclosure make up 7% of the available residential properties in Olive Branch MS.

<<< Olive Branch MS homes for sale

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About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Olive Branch MS Real Estate Market Report - August 2009***

FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS:  Pricing, Selling Tips   

LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS:  Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF:  NAR, Real Estate and Media, Real Estate Agents

OTHER:  Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

 Disclaimer:  All information provided by this author may be  based on information collected from several sources and is believed accurate but not guaranteed.